Comments by "Arty" (@arty5876) on "Putin's Revived the Russian Economy... but it can't last - TLDR News" video.
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@MrNicoJac Russian government simply banned dollar trade to its population, so Russian government is simply painting Rouble currensy like it wants, but population can't get this dollars, and no one in the World would believe in this currensy price. This is like the old Soviet times. Soviet government was also painting Rouble price like it wanted. But this price wasn't established by the market and people. And no one in the World believed in Soviet fairy tales about the price of Rouble. So, Soviet Union was bying imports by prices, much higher than Global average. While Soviet exports were very cheap, much cheaper, than Global average prices.
Russian economy is dependent on imports. Also, Russian economy have huge governmental participation, and Putin announced, that companies-importers would have access to currensy trade by this price, that was painted by Russian government. Also, Putin need to hold Rouble currensy, because Russia announced about gas trade for Roubles, so Russia would sell gas, and this Roubles would be converted into dollars by that price of dollar, which Russian government would paint.
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